PowerGenix News
PowerGenix Selects Manufacturing Partner to Produce Sealed
Rechargeable Nickel-Zinc Batteries
High Volume Forecast For The Evolution Of Thomas Edison's Work Prompts
Action
San Diego - February 4, 2007 - PowerGenix, Inc., a leading
developer of high-rate discharge, sealed rechargeable nickel-zinc (NiZn)
batteries, announced today that in order to prepare for its ramp-up phase,
it has entered into an agreement with Hunan Corun Hi-Tech Co. Ltd, for high
volume production and Asian distribution of its innovative NiZn batteries.
Maybe Thomas Edison was right after all. Mr. Edison's work on the invention
of the Galvanic battery incorporated nickel & zinc. And now, after other
elements such as Nickel Cadmium (proven to be toxic), Nickel Metal Hydride
(expensive), Lithium Ion (unstable) et al, Nickel Zinc is proving to be safe
and effective for many high power applications in addition to being the friendliest
to the environment.
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PowerGenix Selected as a Technology Pioneer by the World Economic Forum
Innovative Zinc Battery Technology Honored
San
Diego – December 4, 2006 – PowerGenix,
Inc., (www.powergenix.com) a leading developer of high-rate
discharge, rechargeable nickel-zinc (NiZn) batteries, announced
that the World Economic Forum selected PowerGenix as one of
47 Technology Pioneers for 2007. The Technology Pioneers were
nominated by the world's leading venture capital and technology
companies. The final selection from 225 nominees was made
by a panel of leading technology experts appointed by the
World Economic Forum.  Technology Pioneers for 2007 are invited
to attend the Annual Meeting of the World Economic Forum to
be held January 24-28 in Davos, Switzerland.
More...
Click
here to see a video interview with
PowerGenix CEO Dan Squiller discussing
this award. (Requires free
Flash player;
appears in pop-up window, must disable
pop-up blockers to view.)
PowerGenix Announces Closing of Series C Financing
New Investor - Angeleno Group Leads $17 Million Investment Round
in Battery Technology Company
San
Diego – December 1, 2006 –PowerGenix
Corporation (www.powergenix.com), a leading developer of high
discharge rate, rechargeable nickel-zinc (NiZn) batteries,
announced today that it has completed its third round of financing
totaling $17 million. Angeleno Group, a California-based private
equity firm focused on high growth investments in the energy
sector, led the round. This round also included return investors
Advent International, Braemar Energy Ventures, Granite Ventures,
OnPoint Technologies and Technology Partners.
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Todd Tatar Joins PowerGenix as Vice President
of Product Development
Battery Industry Veteran to Help Bring Innovative
Nickel-Zinc Technology to Marketplace
 San
Diego – Octobber 25, 2006 – PowerGenix,
Inc., a leading developer of high-rate
discharge, rechargeable nickel-zinc (NiZn) batteries, today
announced that Todd F. Tatar has joined the company's management
team as vice president of product development. In this role,
Tartar will be responsible for implementing new product design
elements and bringing PowerGenix's innovative nickel-zinc
sealed rechargeable battery products to market in the near
future.
More...
PowerGenix Hires Joseph A. Carcone as Vice
President of Business Development
 San
Diego – April 10, 2006 – PowerGenix,
Inc., announced that Joseph A. Carcone
has joined the company's management team as vice president
of business development. In this role, Carcone will be responsible
for bringing PowerGenix's battery products to market and overseeing
the company's growth.
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PowerGenix’s Revolutionary Battery
Design Helps Student ROV Team Win Prestigious Innovation in Engineering
Award
USD High School Students Take Five Honors at National Remote Operated Vehicle
Competition
 San
Diego – June 28, 2005 – PowerGenix announced
that its innovative batteries contributed to the award-winning
design of an underwater Remote Operated Vehicle (ROV) at the
national Fourth Annual ROV Competition held at the NASA Johnson
Space Center’s Neutral Buoyancy
Lab. The smaller and more powerful PowerGenix nickel-zinc (NiZn)
battery allowed for the primary power source to be placed
on-board the ROV, eliminating the need for bulky wires and
cords between a land-based power source and the ROV. This
unique design, honored with the prestigious Innovation in
Engineering Award, gave the ROV increased maneuverability
when competing in a series of timed underwater missions at
the three-day event.
More...
PowerGenix Helps USD High School Team
Win Regional Remote Operated Vehicle Competition
 Innovative Battery Design Aids Students
in Quest for National Honors
SAN DIEGO - June 13, 2005 - PowerGenix,
Inc. recently assisted local high school students from University
of San Diego High School (USDHS) to win a regional competition
of underwater Remote Operated Vehicles (ROV) by providing them
with their innovative nickel-zinc batteries. The unique characteristics
of the PowerGenix nickel-zinc battery enabled the team to incorporate
an "onboard" power module, eliminating the need for
bulky power cables between a land based power source and the ROV.
More...
PowerGenix Selects Manufacturing Partner to Produce Rechargeable Nickel-Zinc Batteries
Agreement with Shenzhen Grepow Battery Company Expands High Volume Production
San Diego -- February 2, 2005 -- PowerGenix,
Inc., a leading developer of high-rate discharge, rechargeable
nickel-zinc (NiZn) batteries, announced that in order to prepare
for its ramp-up phase, it has entered into an agreement with Shenzhen
Grepow Battery Co., Ltd. of China for high volume production and
Asian distribution of its innovative NiZn batteries.
More...
PowerGenix Announces Closing of Series
B Financing
OnPoint Technologies Leads $10 Million Investment
Round in Battery Technology Company
San Diego - November 11, 2004 - PowerGenix
Corporation, a leading developer of high discharge rate, rechargeable
nickel-zinc (NiZn) batteries, announced that it has completed
a second round of financing totaling $10 million. The round
was led by OnPoint Technologies, a U.S. Army-backed venture
capital firm headquartered in Maitland, Fla., that invests in
companies developing innovative energy technologies with potential
uses by the Army. This round also included new investor Braemar
Energy Ventures, and return investors Advent International,
Granite Ventures and Technology Partners.
More...
PowerGenix Appoints Former
President of Invensys Power Components as CEO
Industry Veteran to Drive Growth and Extend
Company's Leadership in Rechargeable Battery Market
 Santa Clara, Calif. - October 15, 2003 - PowerGenix,
a leading developer of rechargeable nickel-zinc (NiZn) batteries,
announced the appointment of Mr. Dan Squiller as president
and chief executive officer. An expert in the power industry,
Squiller brings to PowerGenix an impressive track record of more
than a decade in the power business with key experience in operations,
strategy and marketing.
More...
PowerGenix
Receives $3.75 Million
in Series A Funding
Company Attracts Top Tier VC's
Santa Clara, Calif. - May 3, 2003 - PowerGenix,
a leading developer of rechargeable nickel-zinc (NiZn) batteries,
announced the successful completion of its Series A financing.
The $3.75 million round was co-led by Advent International (Boston,
Mass.), Granite Ventures, LLC (San Francisco, Calif.) and Technology
Partners (Palo Alto, Calif.). The Board of Directors will now
include one member from each of the three firms.
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